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Stockholders' Equity | 3 Months Ended
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Mar. 31, 2024
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | STOCKHOLDERS’ EQUITY Green Plains Partners Merger As a result of the Merger, for the three months ended March 31, 2024, the company issued approximately 4.7 million shares of common stock and recorded par value $0.001 per share, paid cash consideration of $29.2 million, extinguished the non-controlling interest attributed to the partnership common units held by the public of $133.8 million, and capitalized transaction costs of $7.5 million, within additional paid-in capital. Refer to Note 3 - Acquisition included herein for more information. Components of stockholders’ equity for the three months ended March 31, 2024 and 2023 are as follows (in thousands):
| Common Stock | Additional Paid-in Capital | Retained Deficit | Accumulated Other Comprehensive Loss | Treasury Stock | Total Green Plains Stockholders' Equity | Non- Controlling Interests | Total Stockholders' Equity
| Shares | Amount | Shares | Amount
Balance, December 31, 2023 | 62,327 |  | $ | 62 |  | $ | 1,113,806 |  | $ | (235,801) |  | $ | (3,160) |  | 2,805 |  | $ | (31,174) |  | $ | 843,733 |  | $ | 146,323 |  | $ | 990,056 |
Net loss | — |  | — |  | — |  | (51,412) |  | — |  | — |  | — |  | (51,412) |  | 290 |  | (51,122) |
Other comprehensive loss before reclassification | — |  | — |  | — |  | — |  | (6,043) |  | — |  | — |  | (6,043) |  | — |  | (6,043) |
Amounts reclassified from accumulated other comprehensive loss | — |  | — |  | — |  | — |  | 5,305 |  | — |  | — |  | 5,305 |  | — |  | 5,305 |
Other comprehensive loss, net of tax | — |  | — |  | — |  | — |  | (738) |  | — |  | — |  | (738) |  | — |  | (738) |
Investment in subsidiaries | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 166 |  | 166 |
Partnership Merger | 4,746 |  | 5 |  | 97,035 |  | — |  | — |  | — |  | — |  | 97,040 |  | (133,765) |  | (36,725) |
Stock-based compensation | 349 |  | — |  | (1,169) |  | — |  | — |  | — |  | — |  | (1,169) |  | — |  | (1,169) |
Balance, March 31, 2024 | 67,422 |  | $ | 67 |  | $ | 1,209,672 |  | $ | (287,213) |  | $ | (3,898) |  | 2,805 |  | $ | (31,174) |  | $ | 887,454 |  | $ | 13,014 |  | $ | 900,468 |
| Common Stock | Additional Paid-in Capital | Retained Deficit | Accumulated Other Comprehensive Loss | Treasury Stock | Total Green Plains Stockholders' Equity | Non- Controlling Interests | Total Stockholders' Equity
| Shares | Amount | Shares | Amount
Balance, December 31, 2022 | 62,101 |  | $ | 62 |  | $ | 1,110,151 |  | $ | (142,417) |  | $ | (26,591) |  | 2,805 |  | $ | (31,174) |  | $ | 910,031 |  | $ | 151,035 |  | $ | 1,061,066 |
Net loss | — |  | — |  | — |  | (70,324) |  | — |  | — |  | — |  | (70,324) |  | 4,075 |  | (66,249) |
Cash dividends and distributions declared | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | (5,305) |  | (5,305) |
Other comprehensive loss before reclassification | — |  | — |  | — |  | — |  | (12,788) |  | — |  | — |  | (12,788) |  | — |  | (12,788) |
Amounts reclassified from accumulated other comprehensive loss | — |  | — |  | — |  | — |  | 1,701 |  | — |  | — |  | 1,701 |  | — |  | 1,701 |
Other comprehensive loss, net of tax | — |  | — |  | — |  | — |  | (11,087) |  | — |  | — |  | (11,087) |  | — |  | (11,087) |
Investment in subsidiaries | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 185 |  | 185 |
Stock-based compensation | 217 |  | — |  | (5,632) |  | — |  | — |  | — |  | — |  | (5,632) |  | 59 |  | (5,573) |
Balance, March 31, 2023 | 62,318 |  | $ | 62 |  | $ | 1,104,519 |  | $ | (212,741) |  | $ | (37,678) |  | 2,805 |  | $ | (31,174) |  | $ | 822,988 |  | $ | 150,049 |  | $ | 973,037 |
Amounts reclassified from accumulated other comprehensive loss are as follows (in thousands):
| Three Months Ended March 31, |  | Statements of Operations Classification
| 2024 |  | 2023 |
Gains (losses) on cash flow hedges |  |  |  |  |
Commodity derivatives | $ | 3,736 |  |  | $ | — |  |  | (1)
Commodity derivatives | (10,723) |  |  | (2,236) |  |  | (2)
Total losses on cash flow hedges | (6,987) |  |  | (2,236) |  |  | (3)
Income tax benefit | 1,682 |  |  | 535 |  |  | (4)
Amounts reclassified from accumulated other comprehensive loss | $ | (5,305) |  |  | $ | (1,701) |  |  |
(1)Revenues (2)Costs of goods sold (3)Loss before income taxes and income (loss) from equity method investees (4)Income tax benefit

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